HSBC profits sink by 82% as loans sour: Shares plunge to lowest levels since 2009 crisis By Lucy White For The Daily Mail Published: 22:03 BST, 3 August 2020 | Updated: 22:18 BST, 3 August 2020 HSBC profits plunged more than 82 per cent as the bank warned £10billion worth of loans could turn sour … Read more
BUSINESS LIVE: HSBC profits plunge; Hammerson in sale talks; Purplebricks reports revenue slide By This Is Money Published: 08:04 BST, 3 August 2020 | Updated: 08:09 BST, 3 August 2020 HSBC has reported a 65 per cent drop in pre-tax profit in the first half of the year as the UK’s largest bank was … Read more
First-time buyers face rising mortgage rates as lenders hike rates on high loan-to-value loans HSBC, TSB and Skipton BS upped rates on high LTV mortgages last week Those worst affected will be first-time buyers, who typically borrow 90% of value By Sarah Bridge for The Mail on Sunday Published: 22:30 BST, 1 August 2020 | … Read more
HSBC has survived more than 150 years of turmoil but can it prevail this time as it is squeezed by the superpowers By Alex Brummer for the Daily Mail Published: 00:25 BST, 29 July 2020 | Updated: 00:25 BST, 29 July 2020 The Hong Kong & Shanghai Banking Corporation ( HSBC), the UK’s biggest bank, … Read more
Banks are still closing branches at an ‘alarming rate’ as figures show more than 1,500 have shut down since 2017 – despite new rules brought in to protect them NatWest alone has shut more than 650 bank branches in the past three years Banks are required to consider impact of closing branches on local residents … Read more
HSBC among Hong Kong-based banks cracking down on clients with ties to the pro-democracy movement By Lucy White For The Daily Mail Published: 21:50 BST, 20 July 2020 | Updated: 22:23 BST, 20 July 2020 Global wealth managers operating in Hong Kong have launched a crackdown on clients with ties to the country’s pro-democracy movement. … Read more
HSBC drags its feet over bounce back loans with small firms forced to wait more than a month for desperately-needed cash By Amelia Murray For The Daily Mail Published: 22:00 BST, 7 July 2020 | Updated: 22:00 BST, 7 July 2020 HSBC is forcing small business owners to wait more than a month for Government-backed … Read more
HSBC ramping up operations in China – after supporting controversial law regime has imposed on Hong Kong By Daily Mail City & Finance Reporter Published: 22:00 BST, 3 July 2020 | Updated: 22:17 BST, 3 July 2020 HSBC is ramping up its operations in China – just weeks after supporting a controversial law the Beijing … Read more
Banks caught in crossfire over Hong Kong turmoil: HSBC and Standard Chartered facing threat of US sanctions By Lucy White For The Daily Mail Published: 21:51 BST, 2 July 2020 | Updated: 22:01 BST, 2 July 2020 Pressure is mounting on HSBC and Standard Chartered as the banks find themselves ‘caught in the crossfire’ of … Read more
Second major investor hits out at HSBC for backing China’s crackdown on Hong Kong By Helen Cahill, Financial Mail On Sunday Published: 21:52 BST, 27 June 2020 | Updated: 22:06 BST, 27 June 2020 A second major investor has hit out at HSBC for backing China’s crackdown on Hong Kong. Hermes said it is in … Read more